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Eramet : Le (bon) momentum de l’activité Mining & Metals devrait perdurer en 2021. Le FCF sera positif selon nous.

>L’activité Mining & Metals devrait encore contribuer à l’embellie en 2021 - Le management d’Eramet s’est montré satisfait de la performance opérationnelle du groupe en 2020 (EBITDA de 398 M€ vs 630 M€ en 2019) dans un contexte compliqué par la pandémie de COVID-19 dont l’impact est estimé à 530 M€. Il s’agit notamment d’un effet prix négatif de 360 M€ et de l’impact de la crise de l’aéronautique à hauteur de 110 M€ chez Aubert & Duval (env. 70% de son CA). Le groupe ...
Underlying
Eramet SA

Eramet is a mining and metallurgical group, which specializes in the extraction, production and marketing of non-ferrous metals, their chemical derivatives, alloys and superalloys, and parts. Co.'s operations are divided into three divisions: Nickel division which focuses on nickel and its derivative applications; Manganese division which focuses on manganese alloys, manganese chemical derivatives and provides recovery and recycling services of metals contained in oil-industry catalysts, electric batteries and acid solutions; and Alloys division which produces and sells special high-performance steels, superalloys and pre-machined parts based on these materials or aluminium and titanium.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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